In trying to determine the "true cost" of some debated proposal,
A) actions have no true cost, only benefits.
B) actions will entail different costs for different people.
C) the costs of actions must ultimately be the same for everyone.
D) there is no difference between costs and benefits.
B
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As the real interest rate ________, the real investment spending ________
A) decreases; decreases B) increases; decreases C) increases; increases D) changes; does not change
As contrasted to the Keynesian view, mainstream economists believe that ________ than Keynesian economists believe
A) the real GDP growth rate is larger B) any crowding out effect is smaller C) the effects from fiscal stimulus are weaker D) potential GDP is less important E) the multiplier effect is larger
If you assume that the equation of exchange is a dependable economic model, then the Fed can control
a. real GDP. b. aggregate supply. c. nominal GDP. d. economic growth.
Which of the following will shift the production possibilities curve to the right?
A. An increase in the unemployment rate from 6 to 8 percent. B. A decline in the efficiency with which the present labor force is allocated. C. A decrease in the unemployment rate from 8 to 6 percent. D. A technological advance that allows farmers to produce more output from given inputs.